Market Watch

Market Watch

A Sampling of Advisory Opinion

Outlook for Financial Markets by BMO Private Bank111 W. Monroe St., Chicago, Ill. 60603 April 1: From a global perspective, U.S. real estate is remarkably cheap. The median American home costs roughly 3.5 times the median [annual] income, making the U.S. the cheapest developed market in the world. That compares to 5, 6, 7, and 16 times incomes in Mexico, Germany, China, and Hong Kong, respectively. As markets like Miami, San Francisco, New York, and Washington become more international, they run the risk of pricing out local residents. Already, skirmishes in San Francisco have emerged...